Intuitive Surgical Inc.
Find Ratings ReportsINTUITIVE SURGICAL INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. INTUITIVE SURGICAL INC is extremely liquid. Currently, the Quick Ratio is 3.91 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 20.51% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1928.3 | 1655.0 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | 463.6 | 393.3 |
Net Income ($mil) | 606.2 | 324.9 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 5223.2 | 4122.2 |
Total Assets ($mil) | 15441.5 | 12974.0 |
Total Debt ($mil) | 89.8 | 93.8 |
Equity ($mil) | 13307.6 | 11041.9 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 66.24 | 67.12 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | 24.04 | 23.76 |
Sales Turnover | 0.46 | 0.48 |
Return on Assets | 11.64 | 10.19 |
Return on Equity | 13.51 | 11.98 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 4.76 | 4.4 |
Debt/Capital | 0.01 | 0.01 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 352.3 | 350.0 |
Div / share | 0.0 | 0.0 |
EPS | 1.69 | 0.91 |
Book value / share | 37.77 | 31.55 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1676364.0 | 1883424.0 |
BUY. INTUITIVE SURGICAL INC's P/E ratio indicates a significant premium compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 10.17 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, INTUITIVE SURGICAL INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ISRG 76.40 | Peers 53.34 | ISRG 74.65 | Peers 44.47 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. ISRG is trading at a significant premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ISRG is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ISRG 52.65 | Peers 26.06 | ISRG 3.23 | Peers 1.95 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. ISRG is trading at a significant premium to its peers. |
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ISRG trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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ISRG 10.17 | Peers 23.59 | ISRG 37.43 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ISRG is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ISRG is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ISRG 19.00 | Peers 14.13 | ISRG 14.49 | Peers 27.20 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ISRG is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ISRG significantly trails its peers on the basis of sales growth. |
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